DOCSLIB.ORG

Tallinna Kaubamaja Grupp AS

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Tallinna Kaubamaja Grupp AS Tallinna Kaubamaja Grupp AS Consolidated Annual Report 2015 (translation of the Estonian original) WorldReginfo - 094ccfb1-960c-44f4-9029-294bde7cb05f TALLINNA KAUBAMAJA GRUPP AS CONSOLIDATED ANNUAL REPORT 2015 The main areas of activity of Tallinna Kaubamaja Grupp AS are retail and wholesale trade. At the year-end 2015, Tallinna Kaubamaja Grupp AS employed more than 4,000 employees. Legal address: Gonsiori 2 10143 Tallinn Republic of Estonia Commercial Register no.: 10223439 Telephone: 372 667 3200 Fax: 372 667 3205 E-mail: [email protected] Beginning of financial year: 1.01.2015 End of financial year: 31.12.2015 Auditor: PricewaterhouseCoopers AS Bank: Swedbank AS SEB Pank AS Nordea Bank AB Estonian branch Lawyer: Helen Tulve Equity as at Ownership Subsidiaries and associates: Share capital 31.12.2015 interest Kaubamaja AS 25 TEUR 15,525 TEUR 100% Selver AS 1,406 TEUR 26,496 TEUR 100% Kulinaaria OÜ 3 TEUR 4,815 TEUR 100% Selver Latvia SIA 285 TEUR -11,104 TEUR 100% Viking Security AS 134 TEUR 701 TEUR 100% TKM Beauty OÜ 3 TEUR -106 TEUR 100% TKM Beauty Eesti OÜ 3 TEUR -245 TEUR 100% TKM Auto OÜ 3 TEUR 6,115 TEUR 100% KIA Auto AS 114 TEUR 4,539 TEUR 100% Viking Motors AS 223 TEUR 184 TEUR 100% Forum Auto SIA 14 TEUR -182 TEUR 100% KIA Auto UAB 3 TEUR 168 TEUR 100% TKM King AS 32 TEUR -1,766 TEUR 100% Tallinna Kaubamaja Kinnisvara AS 28 TEUR 143,517 TEUR 100% Tartu Kaubamaja Kinnisvara OÜ 3 TEUR 42,236 TEUR 100% SIA TKM Latvija 3 TEUR 5,100 TEUR 100% Rävala Parkla AS 600 TEUR 3,557 TEUR 50% The subsidiaries and associates Kaubamaja AS, Selver AS, Kulinaaria OÜ, Viking Security AS, Tartu Kaubamaja Kinnisvara OÜ, Tallinna Kaubamaja Kinnisvara AS, TKM Auto OÜ, TKM Beauty OÜ, TKM Beauty Eesti OÜ, KIA Auto AS, Viking Motors AS, AS TKM King and Rävala Parkla AS are registered in the Republic of Estonia. Selver Latvia SIA, SIA TKM Latvija and Auto Forum SIA are registered in the Republic of Latvia and KIA Auto UAB, in the Republic of Lithuania. This consolidated annual report consists of the management report, the consolidated financial statements, the independent auditor’s report and the profit allocation proposal. Tallinna Kaubamaja Grupp AS Consolidated Annual Report 2015 (translation of the Estonian original) 2 WorldReginfo - 094ccfb1-960c-44f4-9029-294bde7cb05f Table of contents MANAGEMENT REPORT ..................................................................................................................4 CONSOLIDATED FINANCIAL STATEMENTS .......................................................................... 24 MANAGEMENT BOARD’S CONFIRMATION OF THE CONSOLIDATED FINANCIAL STATEMENTS .............. 24 CONSOLIDATED STATEMENT OF FINANCIAL POSITION......................................................................................... 25 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME................. 26 CONSOLIDATED CASH FLOW STATEMENT.................................................................................................................. 27 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY ......................................................................................... 28 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS.............................................. 29 Note 1 General information............................................................................................................................................... 29 Note 2 Accounting policies adopted in the preparation of the financial statements ............................................ 29 Note 3 Critical accounting estimates and judgements ............................................................................................... 37 Note 4 Risk management and description of key risks .............................................................................................. 38 Note 5 Cash and cash equivalents ................................................................................................................................. 42 Note 6 Trade and other receivables ............................................................................................................................... 42 Note 7 Trade receivables .................................................................................................................................................. 43 Note 8 Inventories ............................................................................................................................................................... 43 Note 9 Subsidiaries............................................................................................................................................................. 44 Note 10 Investments in associates ................................................................................................................................. 45 Note 11 Long-term trade and other receivables .......................................................................................................... 45 Note 12 Investment property ............................................................................................................................................ 46 Note 13 Property, plant and equipment ......................................................................................................................... 47 Note 14 Intangible assets.................................................................................................................................................. 51 Note 15 Interest bearing borrowings .............................................................................................................................. 52 Note 16 Finance and operating lease ............................................................................................................................ 53 Note 17 Trade and other payables ................................................................................................................................. 54 Note 18 Taxes...................................................................................................................................................................... 54 Note 19 Share capital......................................................................................................................................................... 55 Note 20 Segment reporting............................................................................................................................................... 55 Note 21 Other operating expenses ................................................................................................................................. 57 Note 22 Staff costs ............................................................................................................................................................. 58 Note 23 Finance income and costs................................................................................................................................. 58 Note 24 Earnings per share.............................................................................................................................................. 58 Note 25 Loan collateral and pledged assets................................................................................................................. 59 Note 26 Related party transactions................................................................................................................................. 59 Note 27 Interests of the members of the Management and Supervisory Board .................................................. 60 Note 28 Shareholders with more than 5% of the shares of Tallinna Kaubamaja AS .......................................... 61 Note 29 Contingent liabilities ............................................................................................................................................ 61 Note 30 Financial information of the Parent ................................................................................................................. 61 INDEPENDENT AUDITOR’S REPORT .............................................................................................................................. 66 PROFIT ALLOCATION PROPOSAL.................................................................................................................................... 68 SIGNATURES OF THE MANAGEMENT BOARD AND SUPERVISORY BOARD TO THE ANNUAL REPORT 2015 .......................................................................................................................................................................... 69 REVENUE ALLOCATION ACCORDING TO THE ESTONIAN CLASSIFICATION OF ECONOMIC ACTIVITIES (EMTAK) ............................................................................................................................................................. 70 Tallinna Kaubamaja Grupp AS Consolidated Annual Report 2015 (translation of the Estonian original) 3 WorldReginfo - 094ccfb1-960c-44f4-9029-294bde7cb05f MANAGEMENT REPORT 2015 was the year of anniversary for Tallinna Kaubamaja Grupp AS (hereinafter: the Group). The company that was established 55 years ago has grown into one of the strongest retail groups in Estonia. The reporting year can be considered a financially successful year of stable growth and good internal developments that yielded satisfactory sales revenue and profit growth. In the reporting year,
Load more

Recommended publications
  • Kentmanni 17-5 Kesklinna Linnaosa Tallinn Eksperthinnang
    Eksperthinnang: 108092015 AR Hinnatav vara : Korteriomand registriosa nr 509 850 Aadress: Kentmanni tn 17 krt 5 Kesklinna linnaosa Tallinn Eksperthinnangu tellija: Tallinna Linnavaraamet Turuväärtus: vastavalt arvutustele on hinnatava vara turuvä ärtus väärtuse kuupäeval s.o 01.09.2015.a.: 72 700 EUR (seitsekümmend kaks tuhat seitsesada eurot). Saadud tulemus ei sisalda käibemaksu. 1 RE Kinnisvara AS Eksperthinnang nr 108092015AR Andrei Rikk Tatari 64, Tallinn 10134 Kentmanni tn 17 krt 5 +372 50 15 539 Tel: 66 88 666 Kesklinna linnaosa [email protected] [email protected] Tallinn www.RE.ee SISUKORD 1. EKSPERTHINNANGU KOOSTAMISE ALUSED...................................................................................................... 3 2. EKSPERTHINNANGU KEHTIVUSE EELDUSED JA AVALIKUSTAMINE .............................................................. 4 3. KINNISTU ANDMED ................................................................................................................................................. 4 4. VARA KIRJELDUS ................................................................................................................................................... 5 4.1 Asukoht ............................................................................................................................................................. 5 4.2 Hoone kirjeldus ................................................................................................................................................. 5 4.3 Korteriomandi kirjeldus
    [Show full text]
  • City Break 100 Free Offers & Discounts for Exploring Tallinn!
    City Break 100 free offers & discounts for exploring Tallinn! Tallinn Card is your all-in-one ticket to the very best the city has to offer. Accepted in 100 locations, the card presents a simple, cost-effective way to explore Tallinn on your own, choosing the sights that interest you most. Tips to save money with Tallinn Card Sample visits with Normal 48 h 48 h Tallinn Card Adult Tallinn Price Card 48-hour Tallinn Card - €32 FREE 1st Day • Admission to 40 top city attractions, including: Sightseeing tour € 20 € 0 – Museums Seaplane Harbour (Lennusadam) € 10 € 0 – Churches, towers and town wall – Tallinn Zoo and Tallinn Botanic Garden Kiek in de Kök and Bastion Tunnels € 8,30 € 0 – Tallinn TV Tower and Seaplane Harbour National Opera Estonia -15% € 18 € 15,30 (Lennusadam) • Unlimited use of public transport 2nd Day • One city sightseeing tour of your choice Tallinn TV Tower € 7 € 0 • Ice skating in Old Town • Bicycle and boat rental Estonian Open Air Museum with free audioguide € 15,59 € 0 • Bowling or billiards Tallinn Zoo € 5,80 € 0 • Entrance to one of Tallinn’s most popular Public transport (Day card) € 3 € 0 nightclubs • All-inclusive guidebook with city maps Bowling € 18 € 0 Total cost € 105,69 € 47,30 DISCOUNTS ON *Additional discounts in restaurants, cafés and shops plus 130-page Tallinn Card guidebook • Sightseeing tours in Tallinn and on Tallinn Bay • Day trips to Lahemaa National Park, The Tallinn Card is sold at: the Tallinn Tourist Information Centre Naissaare and Prangli islands (Niguliste 2), hotels, the airport, the railway station, on Tallinn-Moscow • Food and drink in restaurants, bars and cafés and Tallinn-St.
    [Show full text]
  • Crime in a City in Transition: the Case of Tallinn, Estonia
    46(8) 1611–1638, July 2009 Crime in a City in Transition: The Case of Tallinn, Estonia Vânia Ceccato [Paper first received, October 2006; in final form, June 2008] Abstract The objective of this article is to characterise the criminogenic conditions of an eastern European city experiencing the transition from a planned to a market-oriented economy. Tallinn, the capital of Estonia, has been chosen as the case study. The article fi rst describes the various levels of a set of expressive and acquisitive offences in Tallinn and then assesses whether patterns of crime in Tallinn are caused by underlying processes similar to the ones indicated in the Western literature of urban criminology. The study identifi es variables that most signifi cantly contribute to the variation of crime ratios using regression models, GIS and spatial statistical techniques. Findings suggest that, although there is no dramatic difference between the geography of crimes in Tallinn and those found in western European and North American cities, some of the explanatory variables function in ways which would not be predicted by Western literature. 1. Introduction a market economy has engendered criminal behaviour in a number of ways. Motivated Political and social transformations have had offenders may have a greater incentive to act a profound effect on cities experiencing the illegally because there may be a reduced risk transition from a planned to a market economy of detection and conviction during periods of (Åberg and Peterson, 1997; Kliimask, 1997; great social and political change. Moreover, a Sýkora, 1999; Sailer-Fliege, 1999; Kährik, growing economy with rising levels of con- 2002; Kulu, 2003; Ruoppila and Kährik, 2003; sumption provides more opportunities for Weclawowicz, 2005; Häussermann and crime (Iwaskiw, 1996; Ceccato and Haining, Kapphan, 2005; Tosics, 2005; Musil, 2005a, 2008).
    [Show full text]
  • Attorneys at Law Tax Advisers European Patent & Trademark
    LAW FIRM Attorneys at Law Tax Advisers European Patent & Trademark Attorneys LAW FIRM FINLANDIA North Helsinki NORWEGIA Atlantic Oslo SWEDEN Tallin ESTONIA Stockholm Baltic Ocean Sea North LATVIA Sea Riga Edinburgh LITHUANIA Belfast Copenhagen Vilnius Newcastle Dublin IRELAND Gdansk Liverpool UNITED Varszaw Berlin RUSSIA KINGDOM Amsterdam POLAND London NETH. GERMANY Brussels Showing a way English Chanel BEL. Bonn Kraków Frankfurt Le Havre LUX. Prague Luxembourg for most significant business transactions, Paris CZECH REPUBLIC SLOVAK REPUBLIC Bratislava Strasbourg Munich Vienna most critical disputes Budapest FRANCE SWITZ. AUSTRIA LIECH. HUNGARY ROMANIA and challenging tax and legal issues. Geneva Bern Bay of SLOVENIA Zagreb VOJVODINA Bucharest Biscay Lyon Milan Venice CROATIA Bordeaux BOSNIA- Belgrade Black Genoa Adriatic HERZEGOVINA SERBIA Split YUGOSLAVIA BULGARIA Sea MONACO Sea Sarajevo Marseille KOSOVO Sofia Porto ITALY ANDORRA MONTENEGRO SPAIN MACEDONIA Corsica Rome PORTUGAL Barcelona Tiranë Madrid TURKEY Naples ALB. Lisbon Aegean Sardinia Tyrrhenian Valencia GREECE Sea Balearic Islands Sea Athens Sevilla Ionian Mediterranean Sea Palermo Sicily Sea Rhodes Gibralta MALTA Valletta Crete G We Service the Baltic Countries Riga oce Vilnius oce Tallinn oce Valdemara Center 3rd oor, Vilnius Gates, 6th oor, Narva mnt 5, Kr. Valdemara street 21, LV-1010, A. Tumeno st. 4, LT-01109, 10117 Tallinn, Riga, Latvia Vilnius, Lithuania Estonia T: +371 67 24 00 90 T: +370 52 61 10 00 T: +372 61 91 000 F: +371 67 24 00 91 F: +370 52 61 11 00 F: +372 61 91 007 Profile by MARTIN DALE-HUBELL ® CURRENT ROLE EXPERTISE AND EXPERIENCE MANAGEMENT STYLE FUTURE DIRECTION BIOGRAPHICAL AND PERSONALITY AND ADAPTABILITY Despite being less than 40 years’ Not surprisingly, given his Ernest & Young DATA old, Valters Gencs has had an background, tax law has played a major part in Regardless of being the founder of an 11- lawyer Mr Gencs has a clear vision of Date of Birth eventful and high-prole career.
    [Show full text]
  • OÜ NG INVESTEERINGUD 2019.A. Konsolideeritud Majandusaasta Aruanne
    OÜ NG INVESTEERINGUD 2019.a. konsolideeritud majandusaasta aruanne Juriidiline aadress: Hobujaama 4 10151 Tallinn Eesti Vabariik Äriregistri nr: 10281968 Telefon: +372 6674 220 Faks: +372 6674 222 Majandusaasta algus: 01.01.2019 Majandusaasta lõpp: 31.12.2019 E-mail: [email protected] Koduleht: www.nginvest.ee EMTAK kood: 70101 Audiitor: AS PricewaterhouseCoopers 10 Sisukord Sisukord .............................................................................................................................................. 2 TEGEVUSARUANNE ....................................................................................................................... 3 KONSOLIDEERITUD RAAMATUPIDAMISE AASTAARUANNE ............................................. 8 Konsolideeritud bilanss ....................................................................................................................... 8 Konsolideeritud kasumiaruanne .......................................................................................................... 9 Konsolideeritud koondkasumiaruanne ................................................................................................ 9 Konsolideeritud rahavoogude aruanne ............................................................................................. 10 Konsolideeritud omakapitali muutuste aruanne ................................................................................ 11 Konsolideeritud raamatupidamise aastaaruande lisad .....................................................................
    [Show full text]
  • M&A International Inc. Food & Beverage Deal Book
    M&A International Inc. Food & Beverage Group Deal Book Introduction At M&A International Inc. we are passionate about high For those food and beverage companies seeking quality food and drinks. We also work seamlessly together acquisitions, we identify, approach and negotiate with to originate and execute M&A transactions in the food and target companies. Our local knowledge ensures we beverage industry across the globe. maximize your chances of making a successful acquisition. To facilitate this teamwork, M&A International Inc.’s Food & Beverage Group meets regularly, has frequent If you want to sell your food or beverage company, our conference calls and is constantly exchanging ideas to international reach means we approach the greatest originate potential buyers and sellers of food and/or number of suitable possible buyers and present the beverage businesses. opportunity to them effectively. This maximizes your chances of an effective sale at the best price. For any corporate, owner-shareholder or private equity firm wanting to sell its food or beverage business, or is This deal book contains some major food and beverage seeking acquisitions in these sectors, tapping into the deals we have executed on behalf of our clients since knowledge and contacts of our worldwide Food & 2007. For a list of all our food and beverage specialists, Beverage Group is a unique way of having a global team please consult the end of this document. of specialized advisors at its side. Ruud van Hoek Head of M&A International Inc.'s Food & Beverage Group M&A International Inc. 1 Food & Beverage M&A International Inc.
    [Show full text]
  • AS TALLINNA KAUBAMAJA Annual Report for the Year 2002
    AS TALLINNA KAUBAMAJA Annual Report for the year 2002 The main activities of AS Tallinna Kaubamaja and the group companies are retail and wholesale. At the end of 2002 Tallinna Kaubamaja group employs more than 1200 employees. Legal address: Gonsiori 2 10143 Tallinn Estonia Commercial Registry No.: 10223439 Phone: +372 6673 200 Fax: +372 6673 205 E-mail: [email protected] Beginning of the financial year: 01.01.2002 End of the financial year: 31.12.2002 Managing director: Auditor: AS PricewaterhouseCoopers Bank: Hansapank Eesti Ühispank Lawyer’s office: Teder & Rask Lawyer Helde Truusa Subsidiaries and associated companies: AS A-Selver Share capital: 22,0 MEEK Ownership:100% Tartu Kaubamaja AS Share capital: 8,3 MEEK Ownership: 100% Tallinna Kaubamaja Suomi OY Share capital: 0,9 MFIM Ownership:100% Tallinna Kaubamaja Kinnisvara AS Share capital: 0,4MEEK Ownership: 100% AS Rävala Parkla Share capital: 10,0 MEEK Ownership: 50,0% All subsidiaries and associated companies are registered in Estonia, except Tallinna Kaubamaja Suomi OY, which is registered in Finland. The Annual Report consists of the management report, financial statements, the auditors’ opinion, and the profit allocation report. Table of Contents MANAGEMENT REPORT....................................................................................................................................3 FINANCIAL STATEMENTS .................................................................................................................................6 Management Board’s Confirmation
    [Show full text]
  • Pavel Vorobyov Business Development Executive
    Pavel Vorobyov Business Development Executive 2021 Company history 1930-es 1937 2007 2013 2020 • Agricultural • The year of • Total • New • Denatured and cooperation state company reconstruction of organic alcohol biocide ethanol programs in Latvia foundation production area distillation plant distillation plant • Strong alcohol (EU funds), completed - 2014 production 2 Modern times Organic, denatured and biocide ethanol confirms to all existing EU regulations 2021 • Plant equipment – provided by the leading European vendors • Products: • High-proof organic grain neutral alcohol 96.3% • Denatured and biocide ethanol (ECHA, Article 95) • Management competence – 20+ years of experience in the alcohol industry • Leader in Baltics – just in 10 years 3 Modern times 4 Core products Organic grain neutral alcohol 96.3% (Food-grade) Denatured grain ethanol 96.3% Biocide grain ethanol 96.3% • Year total volume - up to 8.600.000 liters • Product range – for alcoholic drinks beverage, cosmetics, pharmaceutical, sanitizer and FMCG industries • Production time – in 8-10 days (ISO or TT) • Technology – 5-steps distillation, rectification and purification 5 Values & advantages Quality Suppliers Region Conforms to EU Regular's: Professional and EU 110/2008, 852/2004 certified organic 1576/89, 834/2007 EU certified grain farms with 20+ 889/2008, 178/2002 production years of experience 6 Values & advantages Unique taste Quality Pure product Raw materials The best customer’s No potato response and No sugar beet laboratory test results Organic rye and No
    [Show full text]
  • Tallinna Kinnisvaraturu Trendid Suvi 2003
    Tallinna kinnisvaraturu trendid suvi 2003 Kaks korda aastas ilmuv ülevaade Tallinna büroo-, kaubandus-, tootmis-, lao- ja elamispindade ning kinnisvarainvesteeringute turust MAJANDUSINDIKAATORID 2 Möödunud aastal vähendasid globaalne põhitegevust ka kinnisvaraarenduse sek- SISUKORD ebakindlus ja suurerastamiste vähesus torisse. Eriti aktiivselt tegutsevad turul välisinvesteeringute sissevoolu Eestisse Merko, Skanska-EMV, FKSM-i ja Eesti ca 45% võrreldes aasta varasemaga. Ehituse kinnisvaraosakonnad, ostes Majandusindikaatorid 2 Järgnevatel aastatel on oodata kokku vabu krunte, planeerides neile investeeringute sissevoolu jõudsat hooned ning müües valmisehitatud korte- Büroopindade turg 3 suurenemist, mida toetavad uued reid ja eramuid. Piisavalt suurte emafir- investeerimisprojektid, reinvesteeringute made tõttu on enamikel eelnimetatutest Kaubanduspindade turg 6 osakaalu kasv ning liitumine EL-iga. head võimalused kaasata välisfi- nantseeringuid, olles seetõttu erinevalt Tootmis- ja laopindade turg 8 ülejäänud kinnisvaraarendajatest suhteliselt vähesõltuv kohalikust laenutu- Kinnisvarainvesteeringute turg 10 SKT kasv rust. Sarnaselt Skandinaaviaga on ehitus- firmadest saamas suurimad kinnis- Haldusteenuse turg 12 varaarendajad. Elamispindade turg 13 Keskmise palga areng Kontakt 16 *prognoos Allikas: Statistikaamet Paljud investorid on lõplikult veendunud aktsiaturgude ebaatraktiivsuses. Mitmete tunnustatud fondijuhtide ja analüütikute hinnangul on Ameerika aktsiaturg sise- Allikas: Statistikaamet nenud pikaajalisse stagnatsiooniperioodi,
    [Show full text]
  • Tallinn City Centre Photo: Andrei Pustovalov Photo: Andrei the City Centre in a Nutshell
    estonia Tallinn City Centre Photo: Andrei Pustovalov Photo: Andrei The city centre in a nutshell If it is ever possible to attach signifi cance to a city district as being the most important in the country, the city centre of Tallinn is it due to its high concentration of government and cultural institutions. The city centre is home to both parliamentary and government buildings (on Toompea Hill), ministries, Tallinn City Council and Tallinn City Government, the Estonia National Opera, a variety of theatres and concert halls, the National Library, the National Stadium and numerous museums and churches. As such, the residents of the district are always at the heart of political and cultural life in Estonia. The City Centre district was formed on 4 March 1993 by a decision of Tallinn City Council that divided the capital into eight local government units with limited powers. Prior to this reform, what is now considered the city centre had been divided between four districts (Kalinin, Lenin, Meri and Oktoober), each of which bordered one side of Town Hall Square. Due to its location, the city centre can be considered a link between the other districts of Tallinn, as it borders Põhja-Tallinn, Kristiine, Nõmme, Lasnamäe and Pirita alike. Rae municipality and the Baltic Sea are also direct neighbours. The administrative area of the city centre also includes Lake Ülemiste and Aegna Island in the Gulf of Finland. As at 1 September 2020, the population of the City Centre district was 63,692. That makes it the third largest district in Tallinn after Lasnamäe and Mustamäe, but there is only one other town or city in Estonia with a larger population: Tartu.
    [Show full text]
  • Newsweek the INTERNATIONAL NEWSMAGAZINE SPECIAL ADVERTISING SECTION
    Newsweek THE INTERNATIONAL NEWSMAGAZINE SPECIAL ADVERTISING SECTION ESTONIA Forging a Path to Prosperity SPECIAL ADVERTISING SECTION Estonia: Forging a Path to Prosperity "EESTI ^ JSRAAMATUKOGU AR J A Return to Independence ™5^?^ - ^5T~" Estonia leads the Baltics in its economic transformation stonia is the new powerhouse of the merce," he says. "The commercial well-educated labor force, Baltics, outstripping the other deve­ instincts are returning rapidly. Trade a liberal market economy loping economies of the former Soviet with the West is more important and an excellent geo­ republics. That transformation is built on a tra­ than aid. Aid can create dependency, graphic position." dition of business and trade closer to that found but trade sustains long-term growth." A number of large multi- in the Nordic countries to its north than to its The evidence of Estonia's rapid nationals have already former comrades in the U.S.S.R. transition to a free-market economy | staked their claims in Estonia re-established its independence in a is visible even to the most casual ~ Estonia, including the bloodless revolution on Aug. 20, 1991, after half observer. Shipping traffic is 1 Coca-Cola Company, a century as part of the Soviet Union. Since then, booming off the Estonian coast. I' Swiss-Swedish engineering it has emerged as a leader among the Baltic Some 11 million tons of cargo were i giant ABB Group and states—becoming the first "former Soviet republic shipped in and out of Estonia in 1 Swedish appliance manu- to issue its own currency, doubling exports, more 1992; Peeter Palu, the general 5 facturer Electrolux.
    [Show full text]
  • Tallinna Linna Parkimise Arengukava Aastateks 2006 – 2014 Tallinn
    Tallinna Linnavolikogu otsuse eelnõu “Parkimise arengukava 2006-2014” LISA Tallinna linna parkimise arengukava aastateks 2006 – 2014 Tallinn 2005 SISUKORD 1. SISSEJUHATUS .......................................................................................................... 3 1.1. Üldosa........................................................................................................................ 3 1.2. Mõisted ja definitsioonid ......................................................................................... 3 1.3. Töö eesmärk............................................................................................................. 4 I OLEMASOLEV PARKIMISKORRALDUS.......................................................................... 6 1.4. Kesklinna tasuline parkimisala .............................................................................. 6 1.5. Vanalinn .................................................................................................................... 8 1.6. Linnaosade elurajoonid........................................................................................... 9 1.7. Parkimishooned ja suuremad parklad................................................................ 10 1.8. Parkimiskorralduse organisatsiooniline struktuur ............................................. 11 2. Liiklus- ja parkimiskoormus....................................................................................... 12 2.1. Autostumise muutus ja prognoos.......................................................................
    [Show full text]